Quote:
Originally Posted by #-3
I went and found this image that comes out of a report from the Fraser institute (just so it is more trustworthy for right wingers), what you are going to notice by in large is that increase in debt have come with exogenous events WWII, Stageflation, Housing Crisis, Covid, regardless of party. But if you look carefully, you will also notice that there is a much much stronger history of the red line creating a downward trajectory, and virtually no history of the blue lines doing that. In fact I am fairly confident because this chart is inflation adjusted that if you had 2023 / 2024 included it would prove out a downward trend in the red.
If you want to talk scientific, it is a fact that liberals have had stronger fiscal policy. Partially because they are more reluctant to cut revenue, and both parties are very reluctant to cut spending.
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Yeah, based on that chart, gross debt went up by about 47-48% under the Liberals. Sounds like a lot, but when you consider GDP increased by about 57% in the same time span, it's actually still going in the right direction.
Really, based on the way conservatives talk about the US economy, the Liberals didn't tack on enough debt. The US increased their debt by 92% in the same time span while their economy grew by about 60%.